Australia's InFocus Group surges on $3 mln gaming contract

Infocus group

27/05/2025 02:20

** InFocus Group IFG.AX surges 120% to A$0.011, highest since March 21

** Stock set for steepest intraday pct gain since November 21

** Data intelligence co says it has been appointed as the technology partner to TG Solutions, a Taiwanese consulting firm

** Signs $3.25 mln contract to develop an end-to-end iGaming platform

** Stock sees busiest session since November 21, 2024, with ~47.3 mln shares traded - ~28x the 30-day avg

** IFG trims YTD losses to 45%

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))